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It gets worse: Tesla now has to compete with $50,000 electric BMWs going for $54/month

As if things weren’t bad enough for beleaguered Tesla…

The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon Musk insulted analysts on the latest earnings call by dismissing their questions – regarding the company’s survival – as “boring” and “boneheaded,” (just after shareholders approved his obscenely large pay package).

Now,[...] Click here to continue reading

Breaking down America’s worst long-term challenges: #1- Debt.

On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.

It took nearly two centuries to reach that unfortunate milestone.

And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race… plus dozens of other wars, financial panics, and economic crises.

Today, the national debt stands at more[...] Click here to continue reading

One family’s TWO YEAR nightmare of having their child taken by the state

This one is really infuriating.

It started back in 2016… on April 6th to be specific. A Philadelphia-area mother walked into a clinic because her 7-month old baby was being excessively fussy.

The doctor performed a cursory examination, concluded the baby had an ear infection, and prescribed an antibiotic.

Later that day, the mother noticed what seemed like a bone popping in the baby’s side and thought this might be the source[...] Click here to continue reading

Meet America’s next pension casualty: the inventor of chocolate sprinkles

In 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called “Just Born”.

His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein-- he invented them.

Nearly 100 years later, the company is still a family-owned business, producing some well-known brands like Peeps and Hot Tamales.
[...] Click here to continue reading

“Bitcoin will go to $40,000 this year. . .”

Every year around this time I attend a small, private event to break bread with some of the most invigorating people I know.

There’s only about 100 people in the room-- but they’re all at the top of their game… business and intellectual leaders from a variety of industries.

And we gather each year to build relationships with one another and hear about some cutting edge ideas that are usually 2-3 years from[...] Click here to continue reading

Capitalism has new rules. And they’re seriously messed up.

It was just a month and a half ago that Tesla approved an eye-popping long-term pay package, worth as much as $50 BILLION to founder and CEO Elon Musk.

And on Wednesday afternoon, Tesla held its first corporate earnings call since then.

You’d think that Elon would have been gracious and professional, anxious to demonstrate that the shareholders' trust in him has been well-placed.

Instead the call was filled with contempt and[...] Click here to continue reading

My partner found $57 million in a random corner of Asia

[Introduction from Simon: We’ve got one more investing Notes today.

This essay, originally published in August of 2016, I think best exemplifies the strategy Sovereign Man’s Chief Investment Strategist, Tim Staermose, uses in his 4th Pillar investment service.

It shows you the huge potential in buying quality assets for less than their net cash backing. It’s hard to go wrong when buying the right companies for so low a price.

And despite[...] Click here to continue reading

This billionaire’s “$5 million test” will make you a way better investor

[Introduction from Simon: Notes readers know I’m nervous about the market today.

Prices for stocks, bonds and real estate are near all-time highs. Meanwhile, government, corporate and consumer debt are also at all-time highs.

And in the face of record valuations and record debt, we’re seeing rising interest rates (the yield on the 10-year Treasury hit 3% last week for the first time since 2014) and other signs of inflation like rising oil[...] Click here to continue reading

And . . . yet another Wells Fargo banking scandal

Is it Friday again? Must be time for another banking scandal!

Seriously-- these banking scandals are happening with such regularity and predictability it would be almost comical. . . were it not for the millions of people who have had their lives turned upside down.

The latest transgression involves, once again, our old friends at Wells Fargo.

Bear in mind that the ink isn’t even dry yet on the $1 billion check[...] Click here to continue reading

The coming boom in gold prices. . .

In June 1884, a local farmer named Jan Gerritt Bantjes discovered gold on his property in a quiet corner of the South African Republic.

Though no one had any idea at the time, Bantjes’ farm was located on a vast geological formation known as the Witwatersrand Basin… which just happens to contain the world’s largest known gold reserves.

Within a few months, other local farmers started discovering gold… kicking off a full-fledged gold[...] Click here to continue reading